Legal Express: September - October 2014

31.10.2014

Russian legislators have moved to drastically restrict foreign participation in the mass media in Russia, primarily through prohibiting foreign direct ownership or control of Russian mass media and limiting foreign indirect ownership or control to a maximum of 20%. Foreigners who have existing interests may be forced to divest or significantly restructure their Russian mass media interests in 2015.

Amendments are being proposed to the Federal Laws On Limited Liability Companies and On Joint-Stock Companies to bring them into line with the new provisions of the Civil Code concerning legal entities. The amendments cover matters such as procedures for entering into corporate agreements and procedures for managing a company by several directors or by a sole executive body.

More details on these points and other news stories are in this issue of our Legal Express.

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